In the backdrop of problems faced by the Bangladesh textile sector following civil unrest, Uttar Pradesh is looking to leverage the evolving scenario for promoting the indigenous industry.
The political upheaval in Bangladesh has reportedly shut almost 1,000 small and medium textile units in that country, leaving global clients in a lurch owing to bulk unfulfilled garment orders.
In this backdrop, the Yogi Adityanath government is pushing for the proposed UP Textile Park to position the state as a major textile and garment hub in South Asia.
So far, the Textile Park, which is being developed over 1,162 acres of land in Lucknow and Hardoi districts, has garnered investment proposals of Rs 10,000 crore from textile majors including Reliance Industries, Arvind Mills, Vardhman etc.
Nearly 400 small and big textile units are expected to come up in the UP Textile Park spanning Lucknow-Hardoi districts.
India is targetting garment exports of $100 billion in the next five years, and the Yogi government is targetting to claim a pie of shipments.
UP MSME and textile minister Rakesh Sachan said the Textile Park will establish India as a global textile player.
It will comprise textile manufacturing and processing units, and incorporate an entire value chain spanning training, marketing, designing, manpower, consultancy etc.
UP Textile Park is being set up under the PM Mega Integrated Textiles and Apparel (PM Mitra) scheme.